KSA Business: Saudi developer Jabal Omar announces early redemption of sukuk – Gulf Digital News

KSA Business: Saudi developer Jabal Omar announces early redemption of sukuk – Gulf Digital News

Saudi-based Jabal Omar Development Company has announced the partial early redemption of sukuk amounting to $67.5 million in aggregate face amount of its certificates (out of total face amount of $135 million) that were issued on November 15, 2018 and its original maturity date is November 15, 2023.





The sukuk par value at redemption date is $200,000, said Jabal Omar in its filing to the Saudi bourse Tadawul.





Accordingly, the redemption amount together with any periodic distribution amounts that would be due will be transferred to the sukukholders' accounts based on their respective holdings, 





The number of redeemed bonds/sukuk totalled 337.5 million, it added.-TradeArabia News Service